2019年2月7日 星期四

Morning Volt for 02/07/2019

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Morning Volt

Why I Won't Sign Onto Climate Leadership Council's Plan

Charles Steele, RCE
Recently, I received a request from Janet Yellen, Chair of the Climate Leadership Council, the sign the Economists' Statement on Carbon Dividends.I won't sign. Here's why.The heart of the Council's proposed Carbon Dividends Plan (CDP) is a robust and increasing tax on carbon emissions, $43/ton when it begins in 2021 (equivalent to a tax of $0.38 per gallon of gasoline). This tax would represent the estimated cost imposed by carbon emissions, and increase at a rate that takes into account discounting for time and carbon decay, the rate at which excess carbon naturally...

Trump Ditches Coal in SOTU speech

Miranda Green, The Hill
President Trump did not mention coal when he declared Tuesday night that his administration has unleashed a revolution in American energy that has lead to historic energy export highs and economic growth.Speaking at his State of the Union address, Trump emphasized the United States's leading role in fossil fuel production and exportation, championing the country becoming the leading global producer of oil and natural gas during his tenure.

Michigan's New Governor Puts Climate First

Dan Gearino, InsideClimate News
Gov. Gretchen Whitmer of Michigan signed orders on Monday to revamp the state's environmental policy apparatus, becoming the latest newly elected Democratic leader in an industrial swing state to pick up the reins of action on climate change.Whitmer is creating a new office of climate and energy that will coordinate efforts across state government to address climate change and will ensure that climate change is a consideration in the vetting of new policies.She also signed an order to join the U.S. Climate Alliance, a group of governors who commit to upholding the principles of the Paris...

Can Solar Compete With Coal in China?

Ken Silverstein, Forbes
China's energy policies may, at first, seem paradoxical: it is shooting for the stars and it is working to have renewable energy start replacing coal-fired electricity. That's a hard task in a country where coal is now 60% of its electricity base and renewables are 20% and poised to be 35% in 2030.Its goal is to clean its cities and to comply with the Paris climate agreement. In its latest five-year plan that outlines its energy goals, China has set a cap on on coal-fired generation at about 1,100 gigawatts a hard task, given that it already has about 1,000 GW with another 250 GW...

False Choice: Economic Growth, Fight Climate Change

C. Kormann, TNY
In 1974, the economist William Nordhaus described the transition from a cowboy economy to a spaceship economy. In the former, he wrote, we could afford to use our resources profligately, and the environment could be used as a sink without becoming fouled. But, in the spaceship economy, great attention must be paid to the sources of life and to the dumps where our refuse is piled. He added, Things which have traditionally been treated as free goodsair, water, quiet, natural beautymust now be treated with the same care as other scarce goods. Toward the...

Could Climate Change Make Australia Uninsurable?

Staff, ABC News
At the moment, Townsville is more or less underwater and large parts of Tasmania are on fire. Those stories are told in extraordinary detail as they unfold, but once the world looks away, there's the question of who'll pay the bill.So with fires, floods and crazy weather becoming more frequent and severe, is Australia on its way to being uninsurable?

Fate of UK's Nuclear in Doubt

Adam Vaughan, The Guardian
Britain's nuclear power stations recorded a 12% decline in their contributions to the country's energy system over the past month, as outages raised concerns over how long the ageing plants will be able to keep operating.A temporary closure of two of the country's eight nuclear plants resulted in a double-digit drop in nuclear generation in January, compared to the same period last year.

Cost to Clean up America's Nuclear Waste? $377 Billion

Kyle Mizokami, PS
The United States developed and built tens of thousands of nuclear weapons during the Cold War. A new report by the General Accounting Office (GAO) estimates the total cleanup cost for the radioactive contamination incurred developing and producing these weapons at a staggering $377 billion, a number that jumped by more than $100 billion in just one year.Most people think of the U.S. Department of Energy and think of oil rigs, coal mines, solar energy panels, and wind farms. While the DoE does handle energy productionincluding nuclear powerit also handles the destructive side of nuclear...

4 Stocks That Could Win With Flat Oil Prices

Al Root, Barron's
Oil prices are likely to be more or less flat this year, but that doesn't mean there are no ways to win with energy stocks, according to the energy research team at Stifel.A number of companies in the sector are poised for gains, the broker says. Here are two energy producers and two energy-service stocks that Stifel says may reward shareholders handsomely.A year of flat oil prices might feel like a welcome respite. Oil was volatile at the end of 2018: Prices in the U.S. dropped from nearly $77 per barrel to $42 in eight weeks from October to December, a 45% decline that was eerily similar to...

Among Republicans, Climate Skepticism May be Dimming

J. Rainey, NBC News
Climate change is becoming real for more Republicans an increasing number of them are likely to believe that global warming is happening and that the changes are occurring because of human activity, according to a poll released Tuesday.That's a reversal of findings from a year ago, when President Donald Trump's skepticism about climate change appeared to be pushing more Republicans toward a lack of conviction on the issue, according to the survey conducted by the Yale Program on Climate Change Communication and the George Mason University Center for Climate Change Communication.

German Gas Demand Seen Rising Due to Coal Exit Plan

Vera Eckert, Reuters
German gas demand could rise by up to 8 percent in the period to 2022 to replace orchestrated closures of coal-fired power plants recently recommended by a government-appointed commission, gas lobby group Zukunft Erdgas said on Wednesday.In a presentation at the E-World of Energy trade fair, the industry group said the recommendations of the commission could make gas the second pillar of power supplies, after renewables which already hold 40 percent.This would be up from currently 12.8 percent for gas and against coal's 35.5 percent share in a gross generation estimate putting power...

BOA: Oil Demand Growth to Hit Zero Within a Decade

N. Cunningham, Oil Price
By 2030, oil demand could hit a peak and then enter decline, according to a new report.For the next decade or so, oil demand should continue to grow, although at a slower and slower rate. According to Bank of America Merrill Lynch, the annual increase in global oil consumption slows dramatically in the years ahead. By 2024, demand growth halves, falling to just 0.6 million barrels per day (mb/d), down from 1.2 mb/d this year.But by 2030, demand growth zeros out as consumption hits a permanent peak, before falling at a relatively rapid rate thereafter.The main driver of the destruction in...

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